CBN partners NCC, telcos to stem identity theft
A new collaboration involing the Central Bank of Nigeria (CBN), the Nigeria Communication commission (NCC) and the Telecommunication Companies (Telcos) would strengthen efforts to clampdown on SIM identity theft fraudsters in the country. To this end, they would embark on intensive public education, using the social media, the Director of Banking and Payment System Department…
Banks in excess loan deduction saga
A growing number of Nigerians are now afraid to borrow money from the banks, not just for their inability to pay back, but that they would pay twice what they suppose to pay at the end of the transactions.
Losses to banking fraud decline in three straight years
There is an upsurge in attempt for electronic fraud in the country despite the concerted efforts to check the menace, but the rate of success has continued to decline, the Nigeria electronic Fraud Forum (NeFF) said.
Internet bank fraudsters now in recession, says CBN
The Central Bank of Nigeria (CBN) has claimed success in checking Internet fraudsters in the banking sector through various measures to prevent hacking into customers’ accounts.
CBN reverses self on cashless rules
Less than one month after the take-off of the nationwide cashless initiative, the Central Bank of Nigeria (CBN), has directed Deposit Money Banks to suspend charges on over-the-counter and Automated Teller Machine withdrawals worth more than N500,000 or deposit of same amount.
‘Why we must strengthen cyber risk management now’
Mr. Kruger Denis, is the Head, Sub-Sahara Africa, SWIFT (Society for Worldwide Interbank Financial Telecommunication), a global provider of secure messaging services.
At The Guardian’s forum, experts seek stricter measures against cybercrime
To curtail cybercrime in Nigeria and other parts of Africa, experts have canvassed a stricter and multi- pronged approach.
Ambode, others to attend The Guardian’s cyber security conference
Scheduled for February 23, 2017 at the Federal Palace Hotel, Victoria Island, Lagos by 9:00 a.m., the theme of the conference is “Monitoring, Detection and Prevention: Keys to Organisational Growth.”